VIVO Cannabis Inc. VVCIF

Cash flow

[david196868]

Can someone please explain me how did we go from 22m to 3 on cash flow ? Is it because they reduced debt ?

[jayoneill]

Correct Dave I also was puzzled I never took in to account they paid 10.5 of their 27 debt in cash from the 22 balance. Paid 6 plus in converted shares and plan to pay 3.5 more this December leaving them with 6 mill plus due in September 2022. For them to cancel that raise or possibly try it again for only 5.1 mill tells me they're close to breaking even. I still expect a loss in Q4 only

[couver]

what does paying all this debt down say about a company? By making the choice to pay down the debt rather than deferring suggests to me that vivo is approaching sustainability and profitability why else would you put yourself in a position of low cash reserves. If the company had plans of going broke or if the management was really only in this for themselves I feel like they would have

[NSPfacts]

This post has been removed in accordance with Community Policy

[skibumm]

well said @Couver....all Cdm LP's are posting negative Adj EBITDA's except for Aphria & Village Farms. Way to many companies...and way to much Pot....so nearly every company (Vivo included), have to slash prices to sell...and most are writing off inventory each Q. Vivo's latest loss this Q was $5m or -.02 eps....but this is better than 75% of the other Cdn LP's. Until U get

[Dragon1]

If revenues do not increase significantly in rec and medical I'm afraid we will see more dilution.Although cannabis sales keep increasing in Canada,prices are droping because too much pot is chasing not enough buyers.Some serious consolidation will be required down the line.

[jayoneill]

That's why they are concentrating on low cost cultivation, better margins. Shoppers and Quebec addition should increase our sales. Also, hard to sell when the stores were limiting everyone’s products in Q3, but now they said it seemed to normalize with increased orders in October and into November. Need to get in more stores in the future I agree and I’m sure that is the plan.

[rusty777]

Hi Dragon The elephant in the room here is the massive amont of black and grey market cannibis that is flooding the market - it probably won't effect the medicinial side of the house, but that only constitutes 30% or less of all sales.  The vast majority of cannnibis sold is directed towards the recreational market and there the "quality" of the product is less a factor...if